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(Page 29.) COST OF ROAD, EQUIPMENT AND PERMANENT IMPROVE

MENTS.

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*Expenditures during year, not included in operating expenses.

600,357.70

(Page 31.)

INCOME ACCOUNT.

[FOR ROADS MAKING OPERATING REPORTS.] Gross earnings from operation-page 35.... $1,621,939.04 Less operating expenses-- page 45. .......... 1,021,581.34 Dividends on stock owned-page 37.......... $4,200.00 Interest on bonds owned- page 39..........

189.34 Miscellaneous income, less expenses- page 41 8,237.72 Rentals......

12,519.77 Income from other sources..... Total income.....

DEDUCTIONS FROM INCOME.

$25,146.83

.............

8625,504.53

.......

Interest on funded debt accrued-page 23..
Rents- page 47, A........
Taxes....
Other deductions...........

Total deductions from income..........

$150,000.00

93,548.00
49,611.11
31,900.13

$325,059.24 $300,445.29

Net income...
Dividends, 61 per cent., preferred stock;

$348,749.50, less $192,154.62 paid out of
land income........

$156,594.88

Surplus from operations of year ending June

30, 1891..... Surplus on June 30, 1890, (from "general

balance sheet," 1890 report). ....... Surplus on June 30, 1891, (for entry on "gen

eral balance sheet"--page 51)........

$143,850.41 $143,850.41

22,457.38

$166,307.79 (Page 35.)

EARNINGS FROM OPERATION-STATE OF MINNESOTA.

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Taylors Falls & Lake Superior R. R.
Duluth Short Line Ry. stock......
Stillwater & St. Paul R. R. stock.
Lake Sup. Ter. & Transf. Ry. stock
St. Paul Union Depot stock. ........
Duluth Union Depot stock..
St. Cloud, Grantsburg & Ashland

R. R. and stock. ........
Kettle River R. R. and stock..
Snake River Dam stock.....

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Total.

$1,624,200.00

......

$4,200.00

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(Page 41.)

RENTALS RECEIVED.
RENTS KECEIVED FROM LEASE OF TRACKS, YARDS, AND TERMINALS.

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Interest and exchange.........
53 Total ...............................................

R

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OPERATING EXPENSES. APPORTIONMENT BETWEEN PASSENGER AND FREIGHT TRAFFIC IS ESTI

MATED ACCORDING TO THE RULE PRESCRIBED BY THE INTERSTATE COMMERCE COMMISSION.

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MAINTENANCE OF EQUIPMENT:

Repairs and renewals of locomotives, actual...
Repairs and renewals of pass. cars, actual....
Repairs and renewals of freight cars, actual..
Shop machinery, tools, etc., train mileage,
including switching...
Total
Total ......................

.......
CONDUCTING TRANSPORTATION:
Wages of enginemen, firemen and roundhouse-

men, actual..................
Fuel for locomotives, actual............
Water-supply for locomotives, train mileage,

including switching
All othes supplies for locomotives, actual......
Wages of other trainmen, actual ....
All other train supplies, train mileage, includ-

ing switching .......
Wages of switchmen, flagmen, and watchmen.
Expense of telegraph, including train dis-

patchers and operators, train mileage.agents

and clerks revenue, laborers 3 per cent. pass,
Wages of station agents, clerks, and laborers..
Station supplies, revenue...
Switching charges--balance freight...........
Oar mileage-balance......
Loss and damage, train mileage.....
Injuries to persons, train mileage.. ............
Other expenses, oil for lub. cars, train mileage

Total....

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